Publications

August 2004
Article

Appearing and Disappearing Dividends: The Link to Catering Incentives

By: Malcolm Baker and Jeffrey Wurgler

We document a close link between fluctuations in the propensity to pay dividends and catering incentives. First, we use the methodology of Fama and French (J. Finan. Econ. (2001)) to identify a total of four distinct trends in the propensity to pay dividends... View Details

Keywords: Dividends; Payout Policy; Catering; Dividend Premium; Investor Sentiment; Investment Return; Motivation and Incentives; Trends; Stocks; Financial Services Industry

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01 Dec 2012
News

Taking Care

MARCELO: "So much of the leadership is helping other people and being selfless." Frustrated by her inability to find high-quality care for her children, Sheila Lirio Marcelo (MBA 1998/JD 1999), a former consultant and executive at... View Details

Keywords: childcare; Personal and Laundry Services; Personal and Laundry Services

01 Sep 2004
News

A Market-Based Prescription

The Bulletin caught up with HBS professor Regina E. Herzlinger this summer as she was en route to Nashville to accept the 2004 Healthcare Financial Management Association Board of Directors’ Award. The prestigious honor recognizes thought... View Details

Keywords: Deborah E. Blagg; Educational Services; Educational Services; Educational Services

February 2008 (Revised November 2011)
Case

The International Monetary Fund in Crisis

By: Rawi Abdelal, David Moss and Eugene Kintgen

When Dominique Strauss-Kahn became the Managing Director of the International Monetary Fund in late 2007, he faced a number of significant changes. The organization had lost much of its legitimacy over the previous decade, and countries seemed increasingly reluctant to... View Details

Keywords: History; Globalized Economies and Regions; Problems and Challenges; Developing Countries and Economies; Borrowing and Debt; Government and Politics; Financial Institutions; Business Strategy; Macroeconomics; Financial Services Industry

January 2011 (Revised January 2015)
Case

Matrix Capital Management (A)

By: Malcolm P. Baker and David Lane

Ben Balbale, a partner at hedge fund Matrix Capital, must decide whether to exit their investment in Rovi Corporation, a company with a diverse portfolio of patents used primarily for digital interactive guides. Rovi's shares are up over 50% from the time Balbale... View Details

Keywords: Forecasting and Prediction; Asset Management; Cash Flow; Stock Shares; Financial Markets; Investment Funds; Measurement and Metrics; Mathematical Methods; Strategy; Valuation; Financial Services Industry

01 Mar 2005
News

Online Job Bank Debuts

bank’s listings include part-time work and temporary consulting assignments suitable for people at any career stage. The job bank plans to reach out to the Fortune 500 and other companies to inform them of its View Details

Keywords: Management, Scientific, and Technical Consulting Services; Management, Scientific, and Technical Consulting Services

December 1994 (Revised December 1995)
Case

The JKJ Pension Fund

By: William J. Poorvu and John H. Vogel Jr.

The JKJ pension fund currently has $187 million invested in 14 properties. Sarah Griffin, the portfolio manager for real estate, needs to value each of the properties and recommend which ones should be sold and which ones to hold. She further needs to recommend... View Details

Keywords: Property; Investment Portfolio; Valuation; Investment Funds; Financial Management; Financial Services Industry; Financial Services Industry

Keywords: Accounting, Tax, Bookkeeping, Payroll Services; Accounting, Tax, Bookkeeping, Payroll Services; Accounting, Tax, Bookkeeping, Payroll Services; Accounting, Tax, Bookkeeping, Payroll Services

05 Dec 2005
Research & Ideas

VCs Survey Post-Bubble Opportunities

can control." Improving The Odds What are some other ways that VC firms can influence their rate of success, asked Sahlman. In an increasingly competitive environment, how does a firm differentiate itself? "The odds are... View Details

Keywords: by Julie Hanna; Financial Services

19 Dec 2017
News

What Investors Need to Consider About Tax Reform

01 Mar 2012
News

The Accidental Innovator

human-capital development that Khan finds himself turning to science fiction to try to make sense of it all. Meanwhile, financial backers such as the Gates Foundation, Google, and venture capital’s Ann and John Doerr (MBA 1976) are adding... View Details

Keywords: Garry Emmons; Educational Support Services; Educational Support Services; Educational Support Services; Educational Support Services

01 Mar 2008
News

Letters to the Editor

Their Way.” There appears to be a disconnect between the above material and where the Class of 2007 has chosen to work. Once again, two-thirds of the MBA graduates are working in consulting and in the financial View Details

Keywords: Charles M. Williams, MBA '39; Lewis J. Kleinrock. MBA '59; Educational Services; Educational Services

01 Mar 2012
News

Faculty Books

from ensured. In the face of teetering European economies, income inequality, resource depletion, mass migration from poor to rich countries, religious fundamentalism, and other threats to continuing prosperity, how can capitalism be... View Details

Keywords: Professor Bill George; Professor Joseph L. Bower; Professor Herman B. Leonard; Professor Lynn S. Paine; Professor Howard Stevenson; Professor Noam Wasserman; Educational Services; Educational Services

August 1986 (Revised June 1987)
Case

J.P. Morgan Investment Management, Inc.

By: Andre F. Perold

Keywords: Investment Banking; Financial Services Industry; Financial Services Industry

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Profile

Andrew Kletzing

Services. "This internship combines general management with exposure to the markets and the financial services industry. I am very excited." he says. Looking five years ahead, "I'd like to be... View Details

28 May 2019
News

Broken Link

If the internet was this poor at a private K–8 school in the heart of Silicon Valley, Marwell wondered, what was it like at other schools across the United States? Not much better, he soon found out. One Federal Communications Commission... View Details

Keywords: Nicole Torres; News, Library, Internet, and Other Services; News, Library, Internet, and Other Services

September 2023 (Revised January 2024)
Case

Icahn Enterprises: Ponzi Scheme or Sound Investment

By: Aiyesha Dey, Jonas Heese and James Weber

Icahn Enterprises, a publicly traded limited partnership founded and operated by famed activist investor Carl Icahn, had earned above market returns for over a decade. Between 2018 and early 2023, it had a compound annual return of 31%. Icahn invested in undervalued... View Details

Keywords: Stock Shares; Investment Return; Business Model; Valuation; Financial Services Industry